{"id":169068,"date":"2022-03-29T09:50:50","date_gmt":"2022-03-29T08:50:50","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=169068"},"modified":"2022-03-29T09:50:50","modified_gmt":"2022-03-29T08:50:50","slug":"why-bakeries-are-shutting-down-operations-nigerian-bakers-lament-says-prices-of-bread-will-soon-go-up","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/03\/29\/why-bakeries-are-shutting-down-operations-nigerian-bakers-lament-says-prices-of-bread-will-soon-go-up\/","title":{"rendered":"Why bakeries are shutting down operations – Nigerian Bakers lament, says prices of Bread will soon go up"},"content":{"rendered":"

The hike in diesel price and exchange rate are making Breadmakers to shut down operations.<\/p>\n

Nigerian Bakers under the aegis of the Premium Breadmakers Association of Nigeria (PBAN) made the disclosure.<\/p>\n

Speaking to The Cable, Emmanuel Onuorah, the President of the association, said things in the baking industry are not getting any better.<\/p>\n

\u201cThings are not getting better. We are still where we are. Diesel price is still hovering between N650 and N700. Even the price of the nylon that we put the bread in has just increased by about 20 percent. It\u2019s not looking any better. Light is still comatose.<\/p>\n

We don\u2019t know what is happening with the DisCos. Whether system collapse or inadequate generation, there is no public light.<\/p>\n

The diesel is expensive. People are trying to rightsize, scale down, drop workers to remain in business. The government doesn\u2019t seem to be listening to anybody. It\u2019s not even only the bakers, it\u2019s an industry-wide thing. MAN is crying. Hospitals that are running diesel are also optimising.”he said<\/p>\n

Onuorah stated that the prices of bread<\/a> will certainly go up due to the increase in operational materials.<\/p>\n

\u201cIt will certainly go up. Because if you don\u2019t pass on the cost, how do you remain in business? But on the other hand, are we not Nigerians? Do customers have the income to bear this?<\/p>\n

You have to look at all these things and place everything in context. There is a human element to all these.<\/p>\n

People are bending backwards to see what they can do. Things such as reducing the sizes of their bread or cutting down on the weight. This is so that we can just maintain what are we doing.\u201dhe said<\/p>\n","protected":false},"excerpt":{"rendered":"

The hike in diesel price and exchange rate are making Breadmakers to shut down operations. Nigerian Bakers under the aegis of the Premium Breadmakers Association of Nigeria (PBAN) made the disclosure. Speaking to The Cable, Emmanuel Onuorah, the President of the association, said things in the baking industry are not getting any better. \u201cThings are […]<\/p>\n","protected":false},"author":5,"featured_media":169069,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[6237,9317,13610,33857,9318],"class_list":["post-169068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-bakeries","tag-bread","tag-lament","tag-nigerian-bakers","tag-prices"],"yoast_head":"\nWhy bakeries are shutting down operations - Nigerian Bakers lament, says prices of Bread will soon go up<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2022\/03\/29\/why-bakeries-are-shutting-down-operations-nigerian-bakers-lament-says-prices-of-bread-will-soon-go-up\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why bakeries are shutting down operations - Nigerian Bakers lament, says prices of Bread will soon go up\" \/>\n<meta property=\"og:description\" content=\"The hike in diesel price and exchange rate are making Breadmakers to shut down operations. 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